Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
Stock index futures rose on Monday, building on the previous week's strong gains, as optimism grew that the upcoming European Union summit would break new ground to resolve the euro zone debt crisis.
Biden met with Greece President Karolos Papoulias on Monday before beginning talks with new Greek Prime Minister Lucas Papademos. Biden arrived in Greece after traveling from Turkey. This week is seen as crucial for the struggling Eurozone. Italy's new government unveiled austerity measures that European leaders hope will be the start of a turning point in the struggle to keep the euro intact.
Oil prices ratcheted up on Monday morning on concerns that tension between Iran and Western countries could lead to an oil distribution disruption and a potential shortage.
NICOSIA, Dec 5Sources told Reuters at the weekend that Germany was prepared to soften language in the euro zone's permanent rescue fund that compels bondholders to accept losses in exchange for much stricter budget rules.
Crude oil prices gained in European trade Monday on fears that growing tensions between Iran and Western powers may threaten crude supply from the Middle East.
Stock index futures pointed to a higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.8-0.9 percent.
World stocks rose and demand for German government bonds slipped on Monday as confidence grew European leaders would make big strides in solving the euro zone's debt crisis at a crucial summit this week.
World stocks and demand for German government bonds rose on Monday as confidence grew European leaders would make big strides in solving the euro zone's debt crisis at a crucial summit this week.
Asian stocks mostly ended on a positive note Monday ahead of Franco-German summit in Paris aimed at halting contagion from Europe's growing debt crisis.
Asian shares and the euro steadied on Monday on hopes European leaders would agree on a definitive plan to solve the euro zone's debt crisis at a crucial summit this week, with sentiment also getting a lift from Italy unveiling austerity steps.
Gold prices traded steady Monday, after posting their sharpest weekly rise in more than a month, as the eurozone kicks off a week packed with meetings and decisions crucial to the solution to its debt crisis as well as the euro.
Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
Lars von Trier's apocalyptic drama Melancholia walked away with the top award, European Film 2011, at the 24th European Film Awards in Berlin on Saturday.
Iranian media reported on Sunday that their country's military had shot down a U.S. reconnaissance drone in eastern Iran, but a U.S. official said there was no indication the aircraft had been shot down.
Germany is prepared to soften language in the euro zone's permanent bailout mechanism compelling bondholders to accept losses in exchange for much stricter budget rules, four sources have told Reuters.
The catalyst for strong equities has been centered on the developments in Europe
Austrian Chancellor Werner Faymann backs changes to the European Union treaty that would create a political and economic powerhouse even at the cost of relinquishing some national sovereignty, he told a Sunday newspaper.
Australia's ruling Labor Party Sunday endorsed plans to open up uranium sales to India, clearing the way for talks on a bilateral nuclear agreement and resolving an issue that has caused diplomatic tensions between the two nations.
Germany's SAP announced a $3.4 billion cash deal to buy U.S. web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
Germany's SAP announced a $3.4 billion cash deal to buy U.S. Web-based software company SuccessFactors Inc., joining the scramble among technology firms to offer cloud-computing services to businesses.
Dec 3 - Germany's SAP announced a $3.4 billion cash deal to buy U.S. web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
